TXXD vs. BTCL
TXXD (21Shares 2x Long Dogecoin ETF) and BTCL (T-REX 2X Long Bitcoin Daily Target ETF) are both Leveraged Cryptocurrency funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. TXXD charges 1.89%/yr vs 0.95%/yr for BTCL.
Performance
TXXD vs. BTCL - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TXXD having a -57.19% return and BTCL slightly higher at -55.71%.
TXXD
- 1D
- -5.69%
- 1M
- -34.07%
- YTD
- -57.19%
- 6M
- -75.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCL
- 1D
- -5.31%
- 1M
- -40.66%
- YTD
- -55.71%
- 6M
- -61.59%
- 1Y
- -74.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TXXD vs. BTCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TXXD 21Shares 2x Long Dogecoin ETF | -57.19% | -47.09% |
BTCL T-REX 2X Long Bitcoin Daily Target ETF | -55.71% | -2.45% |
Correlation
The correlation between TXXD and BTCL is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025 | 0.79 |
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Return for Risk
TXXD vs. BTCL — Risk / Return Rank
TXXD
BTCL
TXXD vs. BTCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares 2x Long Dogecoin ETF (TXXD) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TXXD | BTCL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | -0.28 | -0.35 |
Drawdowns
TXXD vs. BTCL - Drawdown Comparison
The maximum TXXD drawdown since its inception was -78.71%, roughly equal to the maximum BTCL drawdown of -80.75%. Use the drawdown chart below to compare losses from any high point for TXXD and BTCL.
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Drawdown Indicators
| TXXD | BTCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.71% | -80.75% | +2.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -80.75% | — |
Current DrawdownCurrent decline from peak | -78.71% | -80.75% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -58.15% | -34.25% | -23.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 50.74% | — |
Volatility
TXXD vs. BTCL - Volatility Comparison
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Volatility by Period
| TXXD | BTCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 68.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 151.01% | 87.41% | +63.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 151.01% | 97.85% | +53.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 151.01% | 97.85% | +53.16% |
TXXD vs. BTCL - Expense Ratio Comparison
TXXD has a 1.89% expense ratio, which is higher than BTCL's 0.95% expense ratio.
Dividends
TXXD vs. BTCL - Dividend Comparison
TXXD's dividend yield for the trailing twelve months is around 0.06%, less than BTCL's 3.83% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTCL T-REX 2X Long Bitcoin Daily Target ETF | 3.83% | 1.70% | 4.35% |
TXXD 21Shares 2x Long Dogecoin ETF | 0.06% | 0.00% | 0.00% |
Frequently Asked Questions
TXXD and BTCL have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTCL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTCL is cheaper with a 0.95% expense ratio, compared with 1.89% for TXXD.
BTCL has the higher dividend yield at 3.83%, compared with 0.06% for TXXD.
They also come from different issuers: 21Shares and REX. Their fees differ too: 1.89% for TXXD and 0.95% for BTCL.
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